Taking a $20 Longboard and Making It Worth $100

Most of the actual information is in the picture annotations.

If you don't want to sand it all off, you can just use a sheet of sandpaper and rough up the surface uniformly (I didn't because those little red stars were screened on, as opposed to painted).

Always clean up after yourself. 

Prep for painting by:
1- Clean the surface of whatever you are painting.
2- Set up in a well-ventilated area.
3- Hold your breath (or get a gas mask).

Set up the same as the last step.

There's no pictures because I think you get the idea. Use the same process, but do as many coats as you can (until you run out of paint).

I ordered my griptape from amazon.com, but your local skate shop should carry it as well.
There are MANY tutorials on youtube.com on how to griptape a board, so I would suggest watching some before you do this.

You can get this carbon fiber wrap here: http://www.amazon.com/gp/product/B0059XCVVO/ref=oh_o04_s00_i00_details
There are MANY videos on how to wrap an object with vinyl, so I would (once again) suggest youtube.com as a resource to see how I did this.

All done! Put everything together and ride your born-again board!